Black Hills Stock Probability of Future Stock Price Finishing Under 59.31
| BKH Stock | USD 58.99 0.55 0.94% |
Black |
Black Hills Target Price Odds to finish below 59.31
The tendency of Black Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 59.31 after 90 days |
| 58.99 | 90 days | 59.31 | about 23.76 |
Based on a normal probability distribution, the odds of Black Hills to stay under $ 59.31 after 90 days from now is about 23.76 (This Black Hills probability density function shows the probability of Black Stock to fall within a particular range of prices over 90 days) . Probability of Black Hills price to stay between its current price of $ 58.99 and $ 59.31 at the end of the 90-day period is about 5.09 .
Considering the 90-day investment horizon Black Hills has a beta of 0.93 suggesting Black Hills market returns are responsive to returns on the market. As the market goes up or down, Black Hills is expected to follow. Additionally Black Hills has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Black Hills Price Density |
| Price |
Predictive Modules for Black Hills
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Black Hills. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Black Hills Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Black Hills is not an exception. The market had few large corrections towards the Black Hills' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Black Hills, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Black Hills within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.93 | |
σ | Overall volatility | 1.83 | |
Ir | Information ratio | -0.06 |
Black Hills Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Black Hills for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Black Hills can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Black Hills generated a negative expected return over the last 90 days | |
| Black Hills has 4.4 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Black Hills has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Black to invest in growth at high rates of return. | |
| Black Hills has a strong financial position based on the latest SEC filings | |
| Over 87.0% of Black Hills shares are held by institutions such as insurance companies | |
| Latest headline from kalkinemedia.com: Unpacking Black Hills Corporations Efficient Use of Equity Capital |
Black Hills Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Black Stock often depends not only on the future outlook of the current and potential Black Hills' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Black Hills' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 67.1 M | |
| Cash And Short Term Investments | 86.6 M |
Black Hills Technical Analysis
Black Hills' future price can be derived by breaking down and analyzing its technical indicators over time. Black Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Black Hills. In general, you should focus on analyzing Black Stock price patterns and their correlations with different microeconomic environments and drivers.
Black Hills Predictive Forecast Models
Black Hills' time-series forecasting models is one of many Black Hills' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Black Hills' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Black Hills
Checking the ongoing alerts about Black Hills for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Black Hills help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Black Hills generated a negative expected return over the last 90 days | |
| Black Hills has 4.4 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Black Hills has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Black to invest in growth at high rates of return. | |
| Black Hills has a strong financial position based on the latest SEC filings | |
| Over 87.0% of Black Hills shares are held by institutions such as insurance companies | |
| Latest headline from kalkinemedia.com: Unpacking Black Hills Corporations Efficient Use of Equity Capital |
Check out Black Hills Backtesting, Black Hills Valuation, Black Hills Correlation, Black Hills Hype Analysis, Black Hills Volatility, Black Hills History as well as Black Hills Performance. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Hills. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 2.575 | Earnings Share 3.69 | Revenue Per Share 30.814 | Quarterly Revenue Growth (0.01) |
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.